Mapletree Investments has sold 1.8 million-square-foot industrial portfolio to Faropoint, a tech-enabled industrial real estate investment manager, for $328 million. This transaction marks the group’s first major U.S. warehouse divestment and Faropoint’s largest acquisition since the firm’s founding in 2012.
"Mapletree remains bullish on the long-term potential of the U.S. industrial market," said Richard Prokup, CEO, U.S., Mapletree. "This transaction represents our first large-scale warehouse divestment in the United States — a milestone that unlocks capital for reinvestment in new opportunities that align with our conviction in this sector."
"We are pleased to have successfully closed this transaction with Faropoint. This achievement is a testament to the collaboration and hard work of all parties involved," added Richard.
The portfolio comprises 30 shallow-bay warehouse buildings located ac
